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Virginia · Public charity

National Rural Utilities Cooperative Finance Corporation

To bridge the financial needs of the rural electric network with the expectations of the global capital markets, one cooperative at a time.

$1.1M
Granted FY2025(still arriving)
43
Grants FY2025
43
Organizations funded FY2024
5%
First-time grantees FY2024
Read the full brief
Median grant, FY2025
$22,250
Largest grant, FY2025
$154,659
Organizations funded a year
40 to 50
FY2018 to FY2024
States reached, FY2025
41
Total assets, FY2025
$38.3B

How open it is to new grantees

In FY2024, 5% of the organizations National Rural Utilities Cooperative Finance Corporation funded were first-time grantees, receiving 14% of its grant dollars.

New vs renewed · share of each year

In FY2024, 86% of grant dollars renewed an existing relationship; $211k went to new ones.

50%100%’18’19’20’21’22’23’24
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’18’19’20’21’22’23’24
Membership BenefitHealthEmploymentOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.
The numbers by year
Fiscal yearOrganizations fundedTo those organizationsFirst-time grantees
FY2025still arriving43$1.1M2%
FY202443$1.5M5%
FY202344$1.4M14%
FY202241$1.2M2%
FY202147$1.4M17%
FY202040$1.5M18%
FY201946$1.6M17%
FY201850$1.2M0%
100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2025.

Environment$3.8MCommunity Improvement$3.7MYouth Development$1.9MEducation$948kEmployment$927kMembership Benefit$313kPublic Benefit$299kFood & Nutrition$187kOther$0

Where its grants go

Grant dollars by states, across the years we hold.

Which US states its grants reach

AK
VT
WA
ID
MT
ND
MN
IL
WI
MI
NY
OR
NV
WY
SD
IA
IN
OH
PA
CA
UT
CO
NE
MO
KY
VA
AZ
NM
KS
AR
TN
NC
SC
DC
HI
OK
LA
MS
AL
GA
TX
FL

Top grantees

Largest recipients by total granted, FY2017 to FY2025, and the share of each one’s budget the grants supplied at peak.

Show all 83 grantees
All grantees of National Rural Utilities Cooperative Finance Corporation by total granted
GranteeTotal grantedYearsShare of their budget
National Rural Electric Cooperative Association$1,821,89790%
Texas Electric Cooperatives Inc$461,6509n/a
Missouri Electric Cooperatives Association of Mo Electric Cooperatives$433,25091%
Tennessee Electric Cooperative Assoc$294,30092%
South Dakota Rural Electric Association$285,21994%
Oklahoma Association of Electric Cooperatives$267,47291%
Georgia Electric Membership Corporation$251,85080%
Minnesota Rural Electric Association$248,40091%
Grand Canyon State Electric Coop Inc$247,40098%
Iowa Association of Electric Cooperatives$246,70091%
Indiana Statewide Association of Rural Electric Cooperatives$235,70071%
Rio Grande Electric Coop Inc$228,70910%
Association of Illinois Electric Cooperatives$214,67161%
Florida Electric Cooperatives Association Inc$211,80096%
Association of Louisiana Electric Cooperatives Inc$209,36892%
Ohio Rural Electric Cooperatives Inc$208,65090%
Cooperative Network$205,65085%
Pennsylvania Rural Electric Association$204,30091%
Jackson Electric Membership Corporation$203,82820%
Oregon Rural Electric Cooperative Assn$194,45093%
Virginia Maryland and Delaware Association of Electric Cooperatives$191,70090%
Montana Electric Cooperatives' Association Inc$186,65091%
Nebraska Rural Electric Association$174,35091%
Colorado Rural Electric Association$174,15091%
Electric Cooperatives of Mississippi (Aal)$172,60090%
Kansas Electric Cooperatives Inc$169,7508n/a
North Carolina Association of Electric Cooperatives Inc$167,70080%
Electric Cooperatives of South Carolina$154,05080%
Concho Valley Electric Cooperative Inc$150,00010%
Sawnee Electric Membership Corporation$150,00010%
North Georgia Electric Membership Corporation$150,00010%
Alabama Rural Electric Association of Cooperatives$147,00080%
Ckenergy Electric Cooperative Inc$146,91320%
Northeast Association of Electric Co New Hampshire Electric Coop$146,800781%
Alaska Power Association$139,60092%
Washington Rural Electric Cooperative Association$136,75087%
Wyoming Rural Electric Association$134,72885%
Kentucky Association of Electric Cooperatives$127,4006n/a
South Texas Electric Cooperative Inc$125,00010%
Northwestern Electric Cooperative Inc$122,93230%
Gulf Coast Electric Cooperative$122,15410%
New Mexico Rural Electric Cooperative Association Inc$110,70081%
Southeast Colorado Power Association$110,00010%
Idaho Consumer Owned Utility Association Inc$109,80094%
Pedernales Electric Cooperative Inc$105,60810%
Bluebonnet Electric Cooperative Inc$104,99420%
Nevada Rural Electric Association$96,70095%
Arkansas Electric Cooperatives$94,6004n/a
North Dakota Association of Rural Electric Cooperatives$94,50070%
Michigan Electric Cooperative Association$93,60081%
Walton Electric Membership Corporation$88,82820%
Utah Rural Electric Association$85,70084%
Diverse Power Incorporated$84,45220%
San Isabel Electric Association Inc$78,93230%
Sumter Electric Cooperative Inc$75,73620%
Prairie Power Inc$72,28310%
Alger Delta Cooperative Electric Association$71,3721n/a
Co-Mo Electric Cooperative Inc$66,9361n/a
Central Georgia Electric Membership Corporation$64,5242n/a
Socorro Electric Cooperative Inc$60,72310%
New York State Rural Elec Co-Op Assoc$60,450916%
Golden State Power Cooperative$55,20095%
Dixie Electric Cooperative$50,00020%
Coleman County Electric Cooperative Inc$48,20810%
Pkm Electric Cooperative Inc$47,80020%
Arkansas Electric Cooperative Inc$46,9003n/a
Delta Montrose Electric Association$31,51020%
Todd-Wadena Electric Cooperative Inc$28,37810%
Twin County Electric Power Association$25,00010%
Baldwin County Electric Membership Corporation$25,00010%
Coast Electric Power Association$25,00010%
Dixie Electric Power Association$25,00010%
Capital Electric Cooperative Inc$24,37420%
Bon Homme Yankton Electric Association$24,20020%
Kauai Island Utility Cooperative$19,80030%
Elkhorn Rural Public Power District$18,8421n/a
Holmes-Wayne Electric Cooperative Inc$16,89620%
Blood Cancer United Inc$15,00010%
High West Energy Inc$12,84710%
Charles Mix Electric Association Inc$10,36110%
Menard Electric Cooperative$9,30810%
Cooperative Development Foundation$7,10011%
Clay-Union Electric Corporation$5,45310%

Where it is load-bearing

National Rural Utilities Cooperative Finance Corporation supplied at least a quarter of the budget for 1 of its grantees at some point. The chart plots its 74 largest grantees; load-bearing ones sit top left.

25%50%75%100%$100k$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetNational Rural Electric Cooperative Association: $1,821,897 over 9y, 0.1% of budgetMissouri Electric Cooperatives Association of Mo Electric Cooperatives: $433,250 over 9y, 1.3% of budgetTennessee Electric Cooperative Assoc: $294,300 over 9y, 1.8% of budgetSouth Dakota Rural Electric Association: $285,219 over 9y, 4.2% of budgetOklahoma Association of Electric Cooperatives: $267,472 over 9y, 1.4% of budgetGeorgia Electric Membership Corporation: $251,850 over 8y, 0.4% of budgetMinnesota Rural Electric Association: $248,400 over 9y, 0.7% of budgetGrand Canyon State Electric Coop Inc: $247,400 over 9y, 7.7% of budgetIowa Association of Electric Cooperatives: $246,700 over 9y, 0.6% of budgetIndiana Statewide Association of Rural Electric Cooperatives: $235,700 over 7y, 0.6% of budgetRio Grande Electric Coop Inc: $228,709 over 1y, 0.4% of budgetAssociation of Illinois Electric Cooperatives: $214,671 over 6y, 1.0% of budgetFlorida Electric Cooperatives Association Inc: $211,800 over 9y, 6.2% of budgetAssociation of Louisiana Electric Cooperatives Inc: $209,368 over 9y, 2.5% of budgetOhio Rural Electric Cooperatives Inc: $208,650 over 9y, 0.3% of budgetCooperative Network: $205,650 over 8y, 5.3% of budgetPennsylvania Rural Electric Association: $204,300 over 9y, 0.5% of budgetJackson Electric Membership Corporation: $203,828 over 2y, 0.0% of budgetOregon Rural Electric Cooperative Assn: $194,450 over 9y, 3.0% of budgetVirginia Maryland and Delaware Association of Electric Cooperatives: $191,700 over 9y, 0.3% of budgetMontana Electric Cooperatives' Association Inc: $186,650 over 9y, 0.7% of budgetNebraska Rural Electric Association: $174,350 over 9y, 1.0% of budgetColorado Rural Electric Association: $174,150 over 9y, 0.6% of budgetElectric Cooperatives of Mississippi (Aal): $172,600 over 9y, 0.3% of budgetNorth Carolina Association of Electric Cooperatives Inc: $167,700 over 8y, 0.3% of budgetElectric Cooperatives of South Carolina: $154,050 over 8y, 0.2% of budgetConcho Valley Electric Cooperative Inc: $150,000 over 1y, 0.3% of budgetSawnee Electric Membership Corporation: $150,000 over 1y, 0.0% of budgetNorth Georgia Electric Membership Corporation: $150,000 over 1y, 0.1% of budgetAlabama Rural Electric Association of Cooperatives: $147,000 over 8y, 0.3% of budgetCkenergy Electric Cooperative Inc: $146,913 over 2y, 0.1% of budgetNortheast Association of Electric Co New Hampshire Electric Coop: $146,800 over 7y, 81% of budgetAlaska Power Association: $139,600 over 9y, 1.7% of budgetWashington Rural Electric Cooperative Association: $136,750 over 8y, 6.5% of budgetWyoming Rural Electric Association: $134,728 over 8y, 5.4% of budgetSouth Texas Electric Cooperative Inc: $125,000 over 1y, 0.0% of budgetNorthwestern Electric Cooperative Inc: $122,932 over 3y, 0.3% of budgetGulf Coast Electric Cooperative: $122,154 over 1y, 0.2% of budgetNew Mexico Rural Electric Cooperative Association Inc: $110,700 over 8y, 1.1% of budgetSoutheast Colorado Power Association: $110,000 over 1y, 0.3% of budgetIdaho Consumer Owned Utility Association Inc: $109,800 over 9y, 3.7% of budgetPedernales Electric Cooperative Inc: $105,608 over 1y, 0.0% of budgetBluebonnet Electric Cooperative Inc: $104,994 over 2y, 0.0% of budgetNevada Rural Electric Association: $96,700 over 9y, 5.0% of budgetNorth Dakota Association of Rural Electric Cooperatives: $94,500 over 7y, 0.3% of budgetMichigan Electric Cooperative Association: $93,600 over 8y, 0.6% of budgetWalton Electric Membership Corporation: $88,828 over 2y, 0.0% of budgetUtah Rural Electric Association: $85,700 over 8y, 4.1% of budget

Tap a dot to name the grantee.

How this is measured
Share of budget is the funder’s grant in a year over the grantee’s total revenue that year, at its highest across the years we hold; revenue is from all sources. Only grantees confirmed against their own filings, whose grants do not exceed their revenue, are plotted: the largest 74.

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a set of overlaps that mostly run through this funder rather than between each other.

Cooperative Development FoundationDC13.5× affinity4 shared granteesties to 0 of 0Hover any node to trace its alignments.Compare side by side →

Open a dossier: Cooperative Development Foundation

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

Compare National Rural Utilities Cooperative Finance Corporation with peer funders

About National Rural Utilities Cooperative Finance Corporation

How much does National Rural Utilities Cooperative Finance Corporation give?
National Rural Utilities Cooperative Finance Corporation reported 43 grants totaling $1,124,281 in its FY2025 IRS filing. It funded between 40 and 50 organizations a year over FY2018 to FY2024.
What does National Rural Utilities Cooperative Finance Corporation fund?
By grant dollars over FY2017 to FY2025, its largest causes are Environment (31%), Community Improvement (31%), Youth Development (16%).
Who are National Rural Utilities Cooperative Finance Corporation's largest grantees?
By total granted over FY2017 to FY2025: National Rural Electric Cooperative Association ($1.8M), Texas Electric Cooperatives Inc ($462k), Missouri Electric Cooperatives Association of Mo Electric Cooperatives ($433k).
Does National Rural Utilities Cooperative Finance Corporation fund new organizations?
In FY2024, 5% of the organizations it funded were first-time grantees.
Which funders back the same organizations as National Rural Utilities Cooperative Finance Corporation?
Its strongest co-funders, measured against what their size predicts, include Cooperative Development Foundation.
Where is National Rural Utilities Cooperative Finance Corporation based?
National Rural Utilities Cooperative Finance Corporation is based in VA.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 84 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990 e-file return for fiscal year 2025, released 2025. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

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